Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


GNTC Holds Graduation Ceremony For Its Paralegal Certificate Program

Georgia Northwestern Technical College (GNTC) held a graduation ceremony for the Paralegal Certificate program at the auditorium on the Gordon County Campus in Calhoun. Paralegals are crucial members of a law firm’s team. They also have job opportunities in the legal departments of large corporations, government offices, and as independent contractors. Paralegals specialize ... (click for more)

Former Baylor School Headmaster Douglas Hale to Retire From Pennsylvania School

Douglas Hale, head of school at Mercersburg Academy in  Mercersburg, Pa., announced Tuesday that he will retire at the end of the  2015-2016 school year. Mr. Hale has served as Mercersburg’s head of school since his appointment in  1997. He went to Mercersburg after 24 years at Baylor School in  Chattanooga, where he had been a teacher, associate headmaster, ... (click for more)

Officials Expect MLK Boulevard Mural To Be Big Draw; Artist Apprentices To Be Hired For Project

Officials said Tuesday they expect a massive mural planned on a tall MLK Boulevard building by a renowned muralist will be a big draw for the area. City Councilman Moses Freeman said, "This is going to be a destination point. People are going to come here to see it. I guarantee it." He added, "She's world-renowned. We're going to be famous by having her work here." The ... (click for more)

Haslam Adds K-12 Funds In Budget Amendment

Tennessee Governor Bill Haslam on Tuesday unveiled additions to the FY 2015-2016 budget that will be considered by the General Assembly in the coming weeks, including added funding for K-12. The governor last week met with school superintendents from the largest systems in the state over the issue of state funding for K-12. The next day, the Hamilton County Schools joined ... (click for more)

Physicians Thank Their Patients On Doctor’s Day

March 30 has been set aside as National Doctors’ Day since 1933 as a time to recognize the contributions made by our physicians. While the recognition is appreciated, our greatest satisfaction comes from caring for our patients.  For 132 years, the Chattanooga-Hamilton County Medical Society has been the physicians’ voice as we worked together to improve health of our community. ... (click for more)

Roy Exum: Look At My April Garden

On this April Fool’s Day, as I take my monthly stroll through my virtual garden, there are gorgeous flowers and there are weeds, which appear to be trying harder than the flowers. So let’s see what we find before searching for “The Prize Egg” on Sunday. A FLOWER to the New York cab driver who told a young writer, “Always remember that everyone you meet knows something that you ... (click for more)